U.S. credit card companies have raised their interest rates an average of 4.3 percentage points over the last 10 years, which is allowing them to collect an additional $25 billion a year from cardholders, the Consumer Financial Protection Bureau (CFPB) has calculated.
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…
In 2023, more than 25,000 U.K. businesses, small and large, went bankrupt, the most since 1993, The Wall Street Journal reported.
The U.S. economy sprouted an additional 353,000 jobs in January, the labor department reported, almost twice as many as expected by analysts The Wall Street Journal had surveyed.
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community.
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…
The number of applications for mortgages to buy a home rose 6 percent during the first week of this year from the final week of December but remained 16 percent below the number a year earlier, the Mortgage Bankers Association (MBA) reported.
U.S. consumer prices grew by 3.4 percent in December, the Labor Department reported, surpassing November’s 3.1 percent and beating economists’ forecasts of 3.2 percent.
In recent times, the economic landscape has presented an array of challenges that have profoundly affected the business community. Some of the most significant challenges include soaring inflation rates, escalating interest rates, looming fears of a recession, and a tangible decrease in revenues for many sectors…
In November, builders began work on new homes at a clip that translates to an annual rate of 1.6 million housing units and filed permits to construct 1.5 million more, news service Quartz reported.